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Westwood One’s second-quarter results, released Monday (Aug. 10), show some progress in management’s initiatives to turn around the business. While second-quarter revenue decreased 16.7 percent to $83.7 million, the decrease bested the performance of the overall radio industry, which has been reporting declines of 20 percent or greater.
Due to weak automotive spending, the network radio segment was down 14.9 percent to $40.2 million. Revenue for the restructured Metro Traffic division dropped 18.3 percent to $43.5
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